BetMGM Bonus Code COVERS50: NEW $50 Rewards Bonus + $1,500 Bonus Bets Back for MLB, NBA, NHL, and NCAAB Games

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Apr 2, 2026 , 12:15 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for Thursday's NBA, MLB, NHL action. Get up to $1,500 First Bet + $150 bonus bets + $50 BetMGM Rewards Points.

Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

Thursday's loaded sports slate featuring NBA playoff contenders, MLB divisional battles, and NHL postseason races presents the perfect opportunity to claim the BetMGM bonus code COVERS50 welcome offer. New users can secure up to a $1,500 First Bet in most states, while bettors in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can claim $150 in bonus bets when their first $10 wager wins.

Both offers include $50 in BetMGM Rewards Points and are available through sportsbook promos until April 30.

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$1,500 First Bets
COVERS50
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Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

BetMGM Bonus Code Offers for Thursday's Multi-Sport Action

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your location, both perfect for Thursday's exciting matchups across four major sports. In most BetMGM states including Arizona, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Maryland, North Carolina, Ohio, Tennessee, Virginia, and Wyoming, new users receive up to $1,500 back in bonus bets if their first wager loses. Meanwhile, bettors in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can claim $150 in bonus bets when their initial $10 wager wins, regardless of the final outcome.

Both offers require the promo code COVERS50 during registration and include $50 in BetMGM Rewards Points instantly upon signup. These rewards points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers. For the $1,500 First Bet offer, losing wagers are returned as bonus bets within seven days, distributed as five separate bonus bets worth 20% each of your qualifying wager for stakes over $50, or one bonus bet for smaller amounts.

Consider wagering on the Lakers-Thunder showdown featuring LeBron James against Shai Gilgeous-Alexander, two championship contenders in a potential playoff preview. If you place a $100 first bet on the Lakers moneyline and they lose, you'd receive $100 in bonus bets under the $1,500 offer, or if you're in an eligible state for the $150 offer and the Lakers win your $10 wager, you'd collect your winnings plus $150 in bonus bets. The same applies to MLB matchups like Braves-Diamondbacks or NHL Eastern Conference battles like Red Wings-Flyers, where playoff positioning adds extra intensity to every wager.


Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code Eligible States
 COVERS50 AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)
COVERSBONUS MI, NJ, PA, WV

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How to Claim Your $1,500 First Bet or $150 Bonus for Thursday's Games

Claiming either BetMGM welcome offer for Thursday's multi-sport slate requires following these simple steps to maximize your betting potential across NBA, MLB, NHL, and college basketball action.

  1. Register for a new BetMGM account and enter bonus code COVERS50 during the signup process to activate both the monetary offer and $50 BetMGM Rewards Points.
  2. Make a minimum $10 deposit using credit cards, debit cards, bank transfers, Play+, Skrill, or PayPal to fund your account and qualify for the welcome bonus.
  3. Place your first real money wager on any of Thursday's games, such as the Timberwolves-Pistons NBA matchup, Twins-Royals MLB game, or Penguins-Lightning NHL contest.
  4. If you're in a $1,500 First Bet state and your wager loses, receive your stake back up to $1,500 in bonus bets within seven days, or if you're in a $150 bonus state and your $10+ wager wins, collect $150 in bonus bets regardless.
  5. Use your bonus bets on additional Thursday games or future matchups, remembering that bonus bet stakes are not returned with winnings and expire after seven days.

Both offers provide excellent value for exploring BetMGM's extensive betting markets across moneylines, point spreads, totals, player props, and same-game parlays for Thursday's action-packed schedule. Read our comprehensive BetMGM bonus review for additional insights into this welcome offer and sportsbook features.


More BetMGM Sportsbook promos, bonuses, and offers

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

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